Two-Unit Duplex with
New
For Sale
$650,000
209 Black Point Road, Scarborough, ME 04074
Multi-Family, Scarborough, ME
Property Size2,326 SF
Lot Size1.04 Acres
Price / SF$279.45
Days on Market3
Property Features for 209 Black Point Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R2
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Basement, Bathroom 3, Bathroom 1
Interior features
1st Floor Bedroom, 1st Floor Primary Bedroom w/Bath
Basement
Walk-Out Access, Unfinished
Lot features
Open, Farm, Level, Near Public Beach, Near Town, Neighborhood
Standard status
Active
Size
2,326 SF
Lot size
1.04 Acres
Taxes and HOA fees
Tax Year
25
Tax Annual Amount
6492
Utilities
Sewer type
Public Sewer
Heating system
Oil, Hot Water(Heating), Baseboard
Water source
Public
Amenities
barn
shed
Building Details
Year built
1900
Number of units
2
Flooring type
Tile, Carpet, Laminate, Wood
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Architectural style
Cape Cod
Additional Structures
Outbuilding
Listing Agency:
Keller Williams Realty
(207) 879-9800
Listed By:
Scott Townsend
(207) 553-1387
Added: Sep 24
Changed: Sep 25
Last Checked: Sep 26 at 11:06AM
MLS# 1681898
Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,326-square-foot duplex on 1.04 acres contains two legally configured residences and may also be used as a single-family home with an ADU. The main residence has three bedrooms and two full bathrooms, including an en suite bath; the second has two bedrooms and one full bathroom. Each unit includes its own kitchen and laundry. A barn, shed, and fenced yard are also part of the property.
Built in 1900, the Cape Cod-style home has wood-frame construction with vinyl siding and a shingle roof. Public water and sewer serve the property, which is zoned R2.
Built in 1900, the Cape Cod-style home has wood-frame construction with vinyl siding and a shingle roof. Public water and sewer serve the property, which is zoned R2.
Key Highlights
- Two legally configured residences; also usable as a single‑family home with an ADU
- 2,326 square feet on a 1.04‑acre lot
- Main residence has 3 bedrooms and 2 full bathrooms, including an en suite
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$41,104
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.32%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$822,080
$822.1K
Cap Rate 7%
$587,200
$587.2K
Cap Rate 9%
$456,711
$456.7K
Market Conditions
NOI Build-Up for 2,326 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$62.8K $27.00/SF
− Vacancy
−$4.1K −$1.76/SF
EGI
$58.7K $25.25/SF
− OpEx
−$17.6K −$7.57/SF
NOI
$41.1K $17.67/SF
Area
Cumberland County, ME
Vacancy
6.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$822,080
Cap Rate 7%
$587,200
Cap Rate 9%
$456,711
Alternative Uses
Best Use
Multifamily LT 5
$587.2K
$513.8K – $685.1K
NOI $41,104 @ 7.0% cap · market cap 6.32%
Second Best
Apartment 5plus
$546.3K
$478.0K – $637.4K
NOI $38,241 @ 7.0% cap · market cap 5.88%
Theoretical Best
Office A
$639.3K
$559.4K – $745.9K
NOI $44,751 @ 7.0% cap · market cap 6.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
34
Businesses Nearby
Explore this area
Business Placement
Demographics for 04074, ME
21,952
Population
10,561
Households
2.1
Avg Household Size
46
Median Age
58%
College-Educated
99%
High-School Grad
47.6 sq mi
ZIP Area
461
Density / Sq Mi
$125,642
Median Household Income
$55,955
Median Earnings
$1,821
Median Rent
$502,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences have updated kitchens and bathrooms, plus separate laundry facilities.
Where is this duplex located?
The property is located at 209 Black Point Road Scarborough, ME.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Two legally configured residences; also usable as a single‑family home with an ADU; 2,326 square feet on a 1.04‑acre lot; Main residence has 3 bedrooms and 2 full bathrooms, including an en suite
